VA Mortgage Calculator

Free VA mortgage calculator to estimate your VA loan payment—including principal, interest, taxes, insurance, HOA, and VA funding fee. Compare purchase, refinance, and IRRRL scenarios.

What This Page Helps You Do

Key takeaway 1

Shows the payment pieces veterans usually compare: principal, interest, taxes, insurance, and funding fee impact.

Key takeaway 2

Helps separate a rough online estimate from the borrower-specific quote a loan specialist must verify.

Key takeaway 3

Pairs the payment estimate with eligibility and affordability next steps.

Assumptions to Verify

  • Rates are illustrative and can change daily with market conditions and borrower profile.
  • Property taxes, insurance, HOA dues, and funding fee treatment can vary by property and county.
  • Disability-related funding fee exemptions should be confirmed against VA documentation.

Recommended Next Steps

  1. 1. Confirm your Certificate of Eligibility and whether you have full or partial entitlement.
  2. 2. Compare the estimated payment against your income, debts, BAH, and residual income requirements.
  3. 3. Request a personalized Loan Estimate before making a purchase or refinance decision.

Why You Can Trust This Guidance

VA-approved lender powered by Stride Bank, NMLS #466690.

Educational estimates only; personalized eligibility and pricing require lender review.

Not affiliated with the Department of Veterans Affairs or any government agency.

Last reviewed: July 2026

Helpful Sources and Related Guides

VA home loan program overviewVA Certificate of Eligibility guideVA loan process guide

Continue Exploring

Use these related pages to compare eligibility, costs, payment strategy, and local VA loan context.

Frequently Asked Questions

How do I use a VA mortgage calculator?

Enter the home price (or refinance balance), down payment, interest rate, term, property taxes, homeowners insurance, and any HOA dues. Choose loan type (purchase, refinance, or IRRRL) and VA options (first-time use, disability exemption, service category) to see how the funding fee and total monthly payment change. Use the result as an educational estimate—not a locked quote or approval.

Does this VA mortgage calculator include taxes and insurance?

Yes. This tool estimates principal and interest plus monthly property tax, homeowners insurance, and optional HOA dues when you enter those amounts. That helps you model a fuller housing payment—not principal and interest alone.

How much is the VA funding fee?

For most purchase and cash-out loans, the VA funding fee ranges from about 1.25% to 3.3% of the loan amount depending on first-time vs subsequent use, down payment, and service category. IRRRL refinances are typically 0.5%. Veterans with a qualifying disability exemption usually pay 0%. Confirm current rates on VA.gov before relying on any estimate.

How does the VA funding fee affect my monthly payment?

If you finance the VA funding fee, it is added to your loan balance, which increases principal and interest slightly. The fee rate depends on loan type, first-time vs subsequent use, down payment, and service category. Disability-exempt borrowers typically see a 0% funding fee.

What is a typical VA loan payment with $0 down?

With $0 down, your payment is driven mainly by home price (loan amount), rate, term, taxes, insurance, and HOA if any. For example, on a $300,000 loan at 6.25% for 30 years (before taxes and insurance), principal and interest alone is roughly $1,850 per month—then add escrow. Run your own numbers in the calculator above for a closer estimate.

Does a VA loan include PMI?

No. Eligible VA loans do not require private mortgage insurance (PMI), even with little or no down payment. Instead, most borrowers pay a one-time VA funding fee (unless exempt), which can often be financed into the loan.

Can I use a VA loan more than once?

Yes. Many veterans can reuse VA loan entitlement after selling a prior VA-financed home or by using remaining entitlement. Subsequent use can change the funding fee rate. Confirm remaining entitlement and COE status with a VA loan specialist.

What credit score do I need for a VA loan?

The VA does not set a single minimum credit score, but lenders apply their own overlays—often around the mid-500s to low-600s depending on the program and profile. Stronger credit can help you qualify for more competitive rates. This calculator does not approve credit; it only estimates payments.

How is a VA mortgage payment different from a conventional payment?

Eligible VA borrowers often finance with little or no down payment and no monthly PMI. That can lower cash to close and remove a PMI line item. VA loans may include a funding fee (unless exempt). Conventional loans often require a down payment and PMI when equity is below 20%.

Should I use this calculator or a VA refinance calculator?

Use this VA mortgage calculator for purchase payments or to model refinance/IRRRL payment scenarios with the loan-type toggle. For deeper refinance break-even analysis, also use the dedicated VA refinance calculator and IRRRL tools.

What is VA loan amortization?

Amortization is how each monthly payment splits between interest and principal over time. Early payments are mostly interest; later payments pay down principal faster. Use the Amortization tab in this calculator to see yearly balance decline and interest paid.

Do HOA fees affect my VA loan payment?

HOA dues are not part of principal and interest, but they are part of your total monthly housing cost. Enter monthly HOA in this calculator so your estimate reflects condo or townhome dues when applicable.

What should I verify after estimating my VA payment?

Confirm your Certificate of Eligibility, remaining entitlement, income and debts (including residual income), property taxes and insurance for the specific home, rate and lender fees, and any funding fee exemption with a VA loan specialist before making an offer.

VA Mortgage Calculator | Estimate Your VA Loan Payment | National VA Loans